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Summary English course glossary 3
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A comprehensive glossary of the key terms from the English 3 course
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Vocabulary EnglishDefinition / use in a sentence Other form (verb, Synonym (=) Translation
noun, adjective)
Unit 1: Let’s talk about insurance
to cover To provide protection against specified risks through To insure Dekken
a contractual agreement
to insure against To insure against is to obtain cover or protection To Verzekeren tegen
through an insurance policy, limiting financial risks indemnify
associated with specific hazards or events. against
to make a claim To make a claim is to formally request To file a claim Een claim indienen
compensation or benefits from an insurance
company or other entity, asserting one's
entitlement based on the terms and conditions of a
policy or agreement
a broker Will advise you about different companies and their Een makelaar
policies
a policyholder The insured who is named on the insurance policy. Een verzekeringsnemer
Pays the premiums and has the right to make
claims.
a third party A person or group that is not directly involved in a Een derde partij
particular transaction, agreement, or dispute
between two primary parties, but may have an
interest, influence, or role in the outcome.
an underwriter Insurance company employees who are responsible Een verzekeraar
for identifying and classifying the degree of risk
represented by a propose insured.
a claimant Makes a claim with an insurance company. Een eiser
a loss adjuster Assesses the amount of compensation that should Een schade-expert
be paid after a person has made an insurance claim.
an actuary Calculates risks for insurance companies Een actuaris
an assessor A person who calculates or estimates the price or Een expert
, Definition / use in a sentence Other form (verb, Synonym (=) Translation
noun, adjective)
value of something.
a beneficiary The person named in a life insurance policy to Een begunstigde
receive the proceeds.
a binder An agreement to provide insurance prior to a policy Een voorlopige dekking
being issued, many times used as a temporary
policy until a permanent policy has been issued.
a renewal A policy issued to replace one that has expired . Een vernieuwing
a premium The amount of money an insurer charges to provide Een premie
coverage.
a rider An attachment or endorsement added to a policy. Een aanvullende clausule
a deductible The amount that the policyholder must pay within a Een eigen risico
specified accumulation period before the insurance
company will pay for coverage.
an exclusion A condition or circumstance that is not covered by Een uitsluiting
the insurance policy.
the first named The insured that is named first on the declarations De eerstgenoemde
of an insurance policy. This is the person the
insurance company will notify with all
correspondence.
misrepresentation Lying or misleading an insurance company about Misleiding
the facts affecting a policy. Misrepresentation is
grounds for voiding a policy.
a lapse Termination of an insurance policy for nonpayment Een verzuim
of the premium.
an impaired risk An applicant who has pre-existing poor health or is Een risico met beperkingen
in substandard physical condition, is engaged in
dangerous activities, or has a hazardous occupation.
EIOPA EIOPA stands for the European Insurance and Europese Autoriteit voor
Occupational Pensions Authority, which is an verzekeringen en
independent European Union (EU) authority bedrijfspensioenen
responsible for overseeing the insurance and
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